Welcome to Cambridge Wealth Management
Cambridge Wealth Management, founded by Mitsuo Eli Lockrow in 2014, is an independent investment firm headquartered in Cambridge, NY that serves high-net-worth individuals and institutional investors.
core Values
EXCELLENCE | We strive for excellence in everything we do and pursue continuous improvement.
HARMONY | We value and respect each other’s differences — fostering an inclusive environment.
INDEPENDENT THINKING | Our insights and solutions are crafted from in-depth, independent research.
SIMPLICITY | At its core — simplicity is about clarity. There is no need to over-complicate things.
The Logo Story
The Cambridge Wealth Management logo design is based on an ancient Japanese coin called the “Four-Mon” coin. It was conceived over the weekend of July 4th, 2014, when Mitsuo’s mother showed him some "Four-Mon" coins during breakfast. The logo’s primary color, blurple (bluish-purple), is a toned-down version of Mit’s favorite color, royal purple.
In Ancient Asia, the shapes of coins was symbolically important. The earth was believed to be square, and heaven was round. Placing a square in the center of a circle symbolized perfect balance and harmony and held special significance as a symbol of prosperity. The waves on the coin were emblematic of happiness.
Founder’s journey
I began my career in wealth management at Merrill Lynch in 1996. At that time, Merrill’s financial advisor professional development program was considered the best in the industry. Cold calling was a mainstay of the training program and was considered a rite of passage by senior advisors. My strong work ethic, competitive drive, and commitment to excellence enabled me to succeed in this demanding environment. I consistently met and exceeded quarterly goals, graduating in the top quintile among my peers.
From the outset, I embraced a fee-based approach that integrated financial planning with asset management. In the aftermath of the dot-com bubble, I made it my Mission to find a better way to manage portfolio risk and volatility that went beyond the diversification confines of Modern Portfolio Theory — which tends to overlook macroeconomics and company evolution.
In 2001, I transitioned to UBS at 100 Federal Street, Boston, which was formerly the home office of Kidder Peabody & Co. I worked with classy, market-savvy advisors. Presenters at lunch meetings were often renowned mutual fund managers and investment strategists. While at UBS, I developed a strategy to control volatility, enhance risk-adjusted returns, and deliver consistent performance. The approach reflects Cambridge Wealth’s core values: Excellence, Harmony, Independent Thinking, and Simplicity. It harmonizes passive index-tracking ETFs for core asset classes with concentrated, high-quality fixed income and equity portfolio sleeves that hold low, non-correlated, or negatively correlated securities. It also involves purchasing options to limit a security's potential upside and downside at specific intervals.
The S&P 500 fell by 60% between its peak in October 2007 and its bottom in March 2009 and the Federal Reserve lowered the federal funds rate from 4.5% to near 0% by the end of 2008. The Global Financial Crisis put my low volatility investment strategy to the ultimate test, and I’m happy to say: "Mission accomplished!”
Over time, I came to the realization that the sales-focused culture and fee structures at UBS-Paine Webber were at odds with my business philosophy. In 2014, I founded Cambridge Wealth Management, a fee-only registered investment adviser, fully aligning my business philosophy with my passions and values.
